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Jan 10, 2013
01/13
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as justification, lew could say the president had to choose between conflicting laws congress has passed requiring him to spend money and not spend it at the same time. >> at that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the supreme court arguing under what circumstances the debt of the united states should be paid or could be paid. it gets into really nasty stuff. >> reporter: but veterans of washington's budget bales say the rhetoric jack lew will face will be much nastier than the ultimate outcome. >> the debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real fight is over deficit reduction and the debt ceiling is not a lever that will ultimately be pulled. being treasury secretary over the next couple of years is not going to be an easy job, tom. >> tom: what do we know about lew's background, darren, that could inform us h
as justification, lew could say the president had to choose between conflicting laws congress has passed requiring him to spend money and not spend it at the same time. >> at that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the supreme court arguing under what circumstances the debt of the united states should be paid or could be paid. it gets into really...
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Jan 29, 2013
01/13
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KQED
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that is a hard concept to explain to people but that's why we need law make ares and advocates who can make that case to people in the coming months. immigrants help create jobs. they don't take jobs from americans. >> certainly this will be topic a for a while. thank you so much for coming on our program, tamar jacobby. >> susie: when it comes to drugs, the generic pharmaceuticals business has been on fire as more and more insurers move customers to generic medicine as a way to trim healthcare costs. one of the beneficiaries has been watson pharmaceuticals. ruben ramirez reports. >> reporter: watson pharmaceuticals has a new name and a new logo. the world's third-largest generic drug maker changed its name to actavis, a company watson bought last fall. c.e.o. paul bisaro says its no stranger to growth through acquisitions. >> in the short-term we'll be looking for add-on acquisitions whether it's in the branded space where we continue to be very aggressive in the areas of women's health and urology trying to find new therapies we can bring to market. i think a bigger transaction for u
that is a hard concept to explain to people but that's why we need law make ares and advocates who can make that case to people in the coming months. immigrants help create jobs. they don't take jobs from americans. >> certainly this will be topic a for a while. thank you so much for coming on our program, tamar jacobby. >> susie: when it comes to drugs, the generic pharmaceuticals business has been on fire as more and more insurers move customers to generic medicine as a way to...
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Jan 23, 2013
01/13
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WETA
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>> well, i think investors may have caught up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done internationally. showing how important the international shares are. what about comply constraints that apple may have experienced. there was lots of talk about that with the apple iphone 5. are those restraints continuing. >> it looks like it weighed on the december quarter, the iphone 4 and there was a lot of demand for the cheaper version. it seemed like on a lot of different levels, iphone wasn't able to execute. and that was surprising, given tim cook's strengths. that is not an area we think is weak. after steven job's paving. >> tom: and is that what we heard, the late forecast, being a little shy of what we exp
>> well, i think investors may have caught up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done...
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Feb 9, 2013
02/13
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captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> does state law allow cities and counties to ban cannabis dispensaries? even though voters approve the use of medical marijuana? >> the legislature knows how to say, thou shalt not ban dispensaries. they didn't say that. >> that's the question before california's highest court this week. the ruling could have a huge impact on the state's massive medical marijuana industry. >>> job growth in silicon valley is outpacing the rest of the nation. but a new report says the income gap between rich and poor is widening. leaving some minorities behind. >>> with the number of people riding bicycles rising fast, san francisco planners roll out a multimillion dollar strategy to add bike lanes, parking stations and other improvements. we'll talk with the head of the san francisco bicycle coalition. >>> plus, california takes the first step to grant special protection to the ocean's top predator. coming up next.
captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> does state law allow cities and counties to ban cannabis dispensaries? even though voters approve the use of medical marijuana? >> the legislature knows how to say, thou shalt not ban dispensaries. they didn't say that. >> that's the question before california's highest court this week. the ruling could have a huge impact on the state's massive medical marijuana industry. >>>...
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Feb 7, 2013
02/13
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KRCB
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post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable product. it is also a business that is disappearing at the rate of 5% a year. >> people pay their bills online. it's simple, it's easy, it's free. you cannot beat free. >> reporter: and the postal service is tired of trying to beat free. so it plans to eliminate saturday home mail delivery beginning on august 5. the move will cost 22,000 workers their jobs and may save $2 billion a year. ut even th, will not be enough. more dramatic cuts will be needed. >> you can't support a system built for 200 or even 300 billion pieces, now we got 150 billion, which is still a boat load of mail. >> reporter: the business community is split on the end of saturday delivery. many companies worry they'll pay more to shore up the postal system. others fear the cutbacks will put them out of business. many rural newspapers depend on saturday deliver.
post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable product. it is also a business that is disappearing at the rate of 5% a year. >> people pay their bills online. it's simple, it's easy, it's free. you cannot beat free. >> reporter: and the postal service is tired of...
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Jan 16, 2013
01/13
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it's following the law. >> reporter: a draft of a new federal report warns americans are already experiencing more droughts and floods and are seeing rising sea levels as the climate changes. and as superstorm sandy has shown, the costs of dealing with extreme weather are also rising. darren gersh, "n.b.r.," washington. >> susie: while the super bowl marks the grand finale for football season, it's also the priciest event for u.s. television advertising. viewers can expect to see ads from big brand names like taco bell, chrysler and pepsi. but can companies expect a good return on their investment this year? rick horrow explains in tonight's "beyond the scoreboard." >> reporter: advertising during the super bowl is an expensive and risky. for nearly $4 million, companies get 30 seconds to pitch themselves to more than 100 million americans watching. making the challenge even more daunting for advertisers, it is a crowded broadcast with dozens of companies vying for your atttion, buying commercial time during the super bowl broadcast. a successful ad is one that's memorable relative to the oth
it's following the law. >> reporter: a draft of a new federal report warns americans are already experiencing more droughts and floods and are seeing rising sea levels as the climate changes. and as superstorm sandy has shown, the costs of dealing with extreme weather are also rising. darren gersh, "n.b.r.," washington. >> susie: while the super bowl marks the grand finale for football season, it's also the priciest event for u.s. television advertising. viewers can expect...
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Jan 15, 2013
01/13
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KQED
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dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much cheaper. they
dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and...
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Feb 28, 2013
02/13
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so we'll probably see some of the sequester, but not everything that's in law right now. >> reporter: oh, by the way, if the president and congress find a way past the sequester at their meeting on friday, they'll face another crisis on march 27th when funding for much of the government is scheduled to run out. darren gersh, "n.b.r.," washington. >> tom: while lawmakers couldn't agree on a solution to the sequester, they did finally agree on something else late today: who will next lead the treasury. jack lew was confirmed as the next u.s. treasury secretary just a while ago, by a senate vote. >> tom: it's more bad news from j.c. penney. after the bell it posted fourth quarter results, coming in well below expectations. penney's lost $1.95 a share in the last three months of 2012, it was far worse than the $0.18 per share loss analysts had forecast. over the last year, the stock has lost about half of its value, it fell below falling below $20 a share in after hours trading. >> reporter: well, you can't say >> reporter: well, you can't say j.c. penney c.e.o. ron johnson isn't trying n
so we'll probably see some of the sequester, but not everything that's in law right now. >> reporter: oh, by the way, if the president and congress find a way past the sequester at their meeting on friday, they'll face another crisis on march 27th when funding for much of the government is scheduled to run out. darren gersh, "n.b.r.," washington. >> tom: while lawmakers couldn't agree on a solution to the sequester, they did finally agree on something else late today: who...
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Jan 30, 2013
01/13
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they argue the 1986 amnesty law brought in more illegal workers who compete with americans looking for low-wage work. >> we can't just be thinking about the needs of the illegal immigrant population, as attractive as many of them may be and as hard working many of them may be. we really need to be focusing on the americans who need those jobs and have been disadvantaged by the tremendous presence of illegal immigrant workers. >> reporter: the argument isn't just about low-wage work. the president says foreign students studying math and science at universities across the united states should get a green card when they graduate. >> right now, there is a student wrestling with how to turn their big idea, their intel or instagram, into a big business. we're giving them all the skills they need to figure that out, but then we are going to turn around and tell them to start that business and create those jobs in china or india or mexico. that's not how you grow new industries in america. >> reporter: but for every opening at a top high-tech firm, there are often dozens of applicants. the pre
they argue the 1986 amnesty law brought in more illegal workers who compete with americans looking for low-wage work. >> we can't just be thinking about the needs of the illegal immigrant population, as attractive as many of them may be and as hard working many of them may be. we really need to be focusing on the americans who need those jobs and have been disadvantaged by the tremendous presence of illegal immigrant workers. >> reporter: the argument isn't just about low-wage work....
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Sep 23, 2013
09/13
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KRCB
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republican strategy, one to de-fund obama care in this bill, then they're going to try to delay the law for a year in a debt limit bill. that is also going to be resisted, doggedly by the president and democrats. so they're going to have to find a fallback there, too, that will be harder for the republican leadership to pull off. and we'll see if we can pull this one off next week, the more limited one. >> very quickly, let's say the bill goes back to the house minus the de-funding of obama care, and then the house has to pick that up. what do they do? pick up with another bill that has a sort of condition on it. and is there a condition that would pass the house republican caucus that doesn't end up doing some kind of harm to obama care? >> yes, there is the potential that the house could pass the bill with a different writer on it, aside from de-funding obama care, some tweak like attacking the income verification provisions which are lacking, attacking the law. the chances are if they're gentlemaned right -- jammed right against the debt limit, they may have to fight on the debt limi
republican strategy, one to de-fund obama care in this bill, then they're going to try to delay the law for a year in a debt limit bill. that is also going to be resisted, doggedly by the president and democrats. so they're going to have to find a fallback there, too, that will be harder for the republican leadership to pull off. and we'll see if we can pull this one off next week, the more limited one. >> very quickly, let's say the bill goes back to the house minus the de-funding of...
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90
Jun 4, 2013
06/13
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KRCB
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eye 90
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trobl, hsbc, new york's attorney general is suing the giant british bank saying it ignored a state law designed to keep struggling home owners from falling into foreclosure. >> meantime, there was good news about home prices in april. more of it. core logic reports that prices of homes sold that month rose more than 12% from the same month in 2012. the largest one month increase in prices since the go-go real estate days of 2006. >> many american seniors have relied on their homes and reverse mortgages to finance their retirement, but now though loans are under criticism. despite a steady extreme stream -- stead stream of commercials speaking for them. >> it used to be that a home was like a savings account, gaining value as you slowly paid down the mortgage. you could sell is it and fund your retirement or take out a reverse mortgage, which the pitch men make sound so easy. >> have the money to pay bills or simply enjoy your requirement more. >> the product was introduced 25 years ago for those at least 62 years old. >> the reverse mortgage is money that is waited to be paid back unti
trobl, hsbc, new york's attorney general is suing the giant british bank saying it ignored a state law designed to keep struggling home owners from falling into foreclosure. >> meantime, there was good news about home prices in april. more of it. core logic reports that prices of homes sold that month rose more than 12% from the same month in 2012. the largest one month increase in prices since the go-go real estate days of 2006. >> many american seniors have relied on their homes...
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3.9K
Aug 21, 2013
08/13
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WMPT
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i have four beautiful kids -- ashley, nora, james, and brian, wonderful son-in-law, and i have a foster child here from ecuador living with us, kevin. pat: terrific. and you've known this lady for a while. only 49 years. 49 years. let's hear your story. more than these guys are. [ laughter ] hi. my name is colleen finegan. sheila and i met. we grew up in the same neighborhood, woodside, queens. [ audience cheers ] i also married a fireman. my great husband, funny husband, gerard, is in the audience. that's great. i also raised four children -- taylor, shannon, morgan, and gerard. and i'd like to give a shout-out to my two beautiful granddaughters, shea and quinn. consider them shouted-out. [ laughter ] good luck. thank you. hi, guys. who's gonna talk first here? go ahead, justin. my name is justin samuels. i'm from east brunswick, new jersey. i'm a marketing associate at a digital-media company. this right here is my best friend, brad. we've been best friends for about six years. we were actually randomly paired as roommates in college. that's good. and it worked out, right? it worked o
i have four beautiful kids -- ashley, nora, james, and brian, wonderful son-in-law, and i have a foster child here from ecuador living with us, kevin. pat: terrific. and you've known this lady for a while. only 49 years. 49 years. let's hear your story. more than these guys are. [ laughter ] hi. my name is colleen finegan. sheila and i met. we grew up in the same neighborhood, woodside, queens. [ audience cheers ] i also married a fireman. my great husband, funny husband, gerard, is in the...
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Jan 1, 2013
01/13
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KQEH
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situation on main street more resembles wall street: >> they look around and they say gee, my brother-in-law is still out of work. and things aren't going so well. maybe i should save that money rather than investing it. >> reporter: erika miller, "n.b.r.," new york. >> susie: our market guest tonight expects stocks to do well in 2013. he's sam stovall, chief equity strategist at s&p capital i.q. you heard about them talking about the deal and negotiations. does that change your forecast for 2013. >> well susie it confirms that s congress could teach space shake something about drama. >> the head winds have been wit. there is nothing new added to the equation it's just when wil the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thsw year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhat quarter by 2 2012 and much of 23 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in a
situation on main street more resembles wall street: >> they look around and they say gee, my brother-in-law is still out of work. and things aren't going so well. maybe i should save that money rather than investing it. >> reporter: erika miller, "n.b.r.," new york. >> susie: our market guest tonight expects stocks to do well in 2013. he's sam stovall, chief equity strategist at s&p capital i.q. you heard about them talking about the deal and negotiations. does...
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Aug 21, 2013
08/13
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KQEH
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eye 186
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like the rule of law and very consistent trade policy and other factors that make investors comfortable in u.s. stocks. for the near term, it does very much seem like u.s. stocks have the upper hand over emerging markets with the promise of better growth over seas. >> so are you saying bad news in the international market social security actu security -- markets is good news? >> for the year, actually, emerging markets are down 13 percent, u.s. up 15 percent. the numbers aren't there. over the five years emerging markets have begun to do better and investors are taking notice. so perhaps we're seeing a little turn there. >> nick, thank you so much for coming on the program. >> thank you. >> chief market strategist. >>> president obama hosting a meeting with the national security team at the white house to discuss the deadly unrest in egypt and review the 1.5 billion in u.s. annual aid aide that goes to the military. earlier a white house spokesperson had to refute that the u.s. cut off aid to cairo. >>> another day, another investigation into jp morgan chase. this time the justice depar
like the rule of law and very consistent trade policy and other factors that make investors comfortable in u.s. stocks. for the near term, it does very much seem like u.s. stocks have the upper hand over emerging markets with the promise of better growth over seas. >> so are you saying bad news in the international market social security actu security -- markets is good news? >> for the year, actually, emerging markets are down 13 percent, u.s. up 15 percent. the numbers aren't...